Latin America Mining News

Vale says recent dip in global steel prices is temporary

Global capacity utilisation in the steel sector has risen to 76% this year from 73% last year, indicating excess capacity in the sector is shrinking.

Candelaria becomes sole owner of the Pinos gold project in Mexico

The project is located in Zacatecas, Mexico's second largest gold producing state.

High risk/high reward lithium bet drives Argentina Surge

High risk, high reward is the bet being made by global lithium miners in Argentina who are brushing aside a recession, a currency crisis and political uncertainty in their hunger for the mineral that helps power electric cars.

Altamira expands land position in Brazil

The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.

Brazil launches new mining agency days before Temer steps down

Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.

Vale to go it alone on $500m investment in New Caledonia nickel mine

New Caledonia could be a very important part of our strategy to supply nickel, especially given the EV revolution.

Miramont gets green light to start drilling at Peruvian project

The Vancouver-based miner anticipates drilling to begin early in the New Year.

Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.

Big lithium riches lure first-time miner to Bolivia's salt flat

ACI Systems Alemania employs just 20 people and was created solely to focus on building a lithium mine in Bolivia.

Codelco strikes contract deal with workers at Ministro Hales mine

The 36-month contract was approved by 53% of the union.

New Mexican president asked to solve issue with former mine workers in two weeks

Initially, workers linked to the Los Mineros Union planned to launch a protest action on December 1st, López Obrador's inauguration day.

Peru’s gold, silver, copper output falls

On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.

The lithium price bulls were right

OK; half right.

Indigenous rights 'invisible' as Ecuador pushes mining, oil projects: U.N.

Days before Tauli-Corpuz arrived in Ecuador, indigenous groups and about 2,000 protesters marched in the capital Quito and handed the national assembly a proposed law that would ban large metal-mining projects.

Navy admiral named Brazil’s Minister of Mines and Energy

Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.

Moody’s sees weak lithium prices in 2020 due to projects frenzy

Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.

Codelco copper output, profit falls as costs rise

Mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit.

Chile's Spence copper mine back in operation after strike

BHP later confirmed in a statement that it had fired 57 workers, including mine operators, supervisors and maintenance workers, but said the mine was again operating normally.

Chile to lease inactive licenses held by top miners to juniors

Move allows major companies to lease to juniors all or part of assets they are not actively developing.

Condor Gold shares soar as Nicaragua project grows

The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.

Strike briefly shuts down operations at BHP’s Spence mine in Chile

Move followed the dismissal of 49 workers and eight supervisors, union President Ronald Salcedo said.

Anglo American to increase copper production in Chile

The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.

BHP unveils world-class copper find near Olympic Dam in South Australia

It is already being called by some experts “the thickest high-grade copper intersection seen in years.”

Peru stops miners from exploring Rainbow Mountain tourist area

In the case of Rainbow Mountain, those in favor of conservation appear to have won out.

Venezuela pays miner $425m in move to safeguard Citgo

If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.